https://www.taxtmi.com/caselaws?id=406454 The Tribunal held that the disallowance of 35% of the remuneration paid to the director's daughter under section 40A(2)(b) of the Income-tax Act, 1961 was unjustified. It was deemed that the disallowance was based on conjectures without substantial evidence, and the qualifications and duties of the daughter were not adequately considered. The Tribunal emphasized the need for concrete evidence rather than assumptions in such disallowance cases, ultimately ruling in favor of the appellant and deleting the disallowed amount. en-us Wed, 10 Feb 2021 00:00:00 +0530 Thu, 15 Apr 2021 08:05:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406454 The Tribunal held that the disallowance of 35% of the remuneration paid to the director's daughter under section 40A(2)(b) of the Income-tax Act, 1961 was unjustified. It was deemed that the disallowance was based on conjectures without substantial evidence, and the qualifications and duties of the daughter were not adequately considered. The Tribunal emphasized the need for concrete evidence rather than assumptions in such disallowance cases, ultimately ruling in favor of the appellant and deleting the disallowed amount. Case-Laws Income Tax Wed, 10 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406454